General
NUPENG Prepares for Strike Action Over N621bn Road Fund
By Adedapo Adesanya
The Nigeria Union of Petroleum and Natural Gas (NUPENG) workers has declared its support for the imminent industrial action by the Petroleum Tanker Drivers branch of NUPENG, stating that it has started mobilising members of the union for the sudden strike.
This was disclosed in a statement jointly signed on Sunday by the President, Mr Williams Akporeha, and General Secretary, Mr Olawale Afolabi, adding that agreements reached on the matter with the government and other stakeholders in two separate meetings were not upheld.
NUPENG also claimed that its investigations revealed that officials of the Federal Ministry of Works and Housing were currently diverting the N621 billion provided by the Nigerian National Petroleum Company (NNPC) Limited for the rehabilitation of 21 critical highways.
“ln as much as we understand the unfortunate situation the Transporters have found themselves, NUPENG, as a responsible and responsive Trade Union Organisation cannot afford to sit idle and watch her able-bodied members continued to be wasted away as sacrificial items as well as the wanton destruction of millions of public lives and properties, so as to manage the operational costs by transporters due to inadequate freight rates being paid to them.
“ln similar vein, you will all recall that at the end of the quarterly Branch Executive Council meeting of the Petroleum Tanker Drivers, held at PTD House, Emene, Enugu on the 25th of September, 2O2l, the Union issued a firm and decisive ultimatum on the deplorable state of the federal highways and the painful experiences of our members while carrying out their duties across the country.
“The management team of NNPC under Mallam Mele Kyari immediately apprehended the situation then, to avert the situation of industrial action of the Union, by calling the leadership of the Union to two separate meetings on the 10th of October, 2O21 in Ibadan and 12th October, 2021 in Abuja.
“ln attendance at the 12th October were critical stakeholders such as the FIRS, FRSC, Federal Ministry of Works and Housing, Nigeria Association of Road Transport Owners and NUPENG.
“These two meetings resulted in the signing of communique indicating the readiness and willingness of NNPC to finance the rehabilitation of identified 21 critical roads at an estimated sum of N621 billion through road infrastructure tax credit scheme.
“On the basis of this communique, the union suspended the intended industrial action, but we were very clear in our statement, that should the spirit and letter of the agreement not fully implemented with a focus on those jointly identified critical roads or attempt is made to divert the funds, the Union will not give further warning to resume the intended actions,” the statement read in part.
NUPENG added that “The officials of the Ministry of Works and Housing are going around showing pictures of roads done in June and August 2021 to justify payment made from the N621bn which was approved in October 2021 for the identified 21 critical roads.
“We have our facts and figures, and we shall not be cowed into allowing the N621bn to go the same way other budgeted funds have gone.”
The union demanded the immediate halt to the further release of the fund until a competent monitoring and validation team comprising all stakeholders that signed the communique was formed.
Although the works ministry in a statement issued by its spokesperson, Boade Akinola, stated that the FMWH was committed to making sure that all the roads financed under the NNPC scheme were completed and delivered as scheduled, NUPENG demanded that the pre-award pictures of the 21 identified roads be taken, which would be compared with pictures of post repairs/reconstruction.
“The N621bn was approved because of our demand and struggle, therefore, we owe our members and the general public the responsibility to ensure that every kobo of the approved fund is accounted for,” NUPENG stated.
It added, “Taxpayers’ money must be accounted for. We demand an immediate review of transport freight rates to reflect the operational realities of the petroleum distribution value chain.
“For these critical issues, we have the mandate of the National Executive Council of the union to commence immediate mobilisation of all our members for resumption of our earlier suspended action.”
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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